Los Angeles, CA – After it was revealed earlier this summer season that Tyrese was dealing with authorized motion from bank card large American Express as the results of unpaid debt, it seems the Fast & Furious star has agreed to pay it off the quaint means — in month-to-month installments.
As first reported by The Blast, AMEX filed papers final week citing that an settlement was reached. He at present owes a steadiness of over $61,000 along with his final fee of $10,000 being made again in April.
The extent of his monetary woes got here to gentle final month and was attributed to his lengthy — and emotionally taxing — custody battle along with his ex-wife over their 10-year-old daughter. Court paperwork revealed month-to-month bills that tallied $114,000 in opposition to month-to-month earnings of simply $51,000, with a quickly depleting financial savings in reserve.
At one level, Tyrese had falsely claimed that Will Smith and spouse Jada had given him $5 million to assist him out.